Kaynes Technology India Ltd
- IPO Date10 Nov, 2022 to 14 Nov, 2022
- Listing Date22 Nov, 2022
- Face Value₹10 per share
- Issue Price₹559 to ₹587 per share
- Lot Size25 Shares
- Minimum Investment₹14,675
- Listing AtBSE, NSE
- Total Issue Size-
- Fresh Issue-
- Offer for Sale55,84,664 Shares
(aggregating up to ₹327.82 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
14 Nov, 2022
Initiation of Refunds
21 Nov, 2022
Listing Date
22 Nov, 2022
10 Nov, 2022
Opening Date
17 Nov, 2022
Basis of Allotment
21 Nov, 2022
Credit of Shares
Kaynes Technology India Ltd Lot Size
Investors can bid for a minimum of 25 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,675 |
| Retail (Max) | 13 | 325 | ₹1,90,775 |
| S-HNI (Min) | 14 | 350 | ₹2,05,450 |
| S-HNI (Max) | 68 | 1700 | ₹9,97,900 |
| B-HNI (Min) | 69 | 1725 | ₹10,12,575 |
Kaynes Technology India Ltd Promoter Holding
Ramesh Kunhikannan, Savitha Ramesh and RK Family Trust are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 79.78% | 67.39% |
Kaynes Technology India Ltd COMPANY INFORMATION
Kaynes Technology IPO is a book built issue of Rs 857.82 crores. The issue comprises of fresh issue of Rs 530.00 crore and offer for sale of 0.56 crore shares. Kaynes Technology IPO bidding started from November 10, 2022 and ended on November 14, 2022. The allotment for Kaynes Technology IPO was finalized on Thursday, November 17, 2022. The shares got listed on BSE, NSE on November 22, 2022. Kaynes Technology IPO price band is set at ₹559 to ₹587 per share. The minimum lot size for an application is 25 Shares. The minimum amount of investment required by retail investors is ₹14,675. The minimum lot size investment for sNII is 14 lots (350 shares), amounting to ₹205,450, and for bNII, it is 69 lots (1,725 shares), amounting to ₹1,012,575. Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and Iifl Securities Ltd are the book running lead managers of the Kaynes Technology IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Kaynes Technology IPO RHP for detailed information.
Incorporated in 2008, Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company. The company provides conceptual design, process engineering, integrated manufacturing and life-cycle support for major players in the automotive, industrial, aerospace and defence, outer-space, nuclear, medical, railways, Internet of Things ("IoT"), Information Technology ("IT") and other segments.
The company is among the first companies in India to offer design-led electronics manufacturing to original equipment manufacturers ("OEMs").
The company's operations are classified under the following business verticals:
OEM - Turnkey Solutions - Box Build ("OEM - Box Build").
OEM - Turnkey Solutions - Printed Circuit Board Assemblies ("PCBAs") ("OEM - Turnkey Solutions").
ODM: The company offers ODM services in smart metering technology, smart street lighting, and brushless DC ("BLDC") technology.
Product Engineering and IoT Solutions: The company offer conceptual design and product engineering services in industrial and consumer segments.
Kaynes Technology operates eight manufacturing facilities across India in the states of Karnataka, Haryana, Himachal Pradesh, Tamil Nadu, and Uttarakhand.
As of June 30, 2022, the company's research and development team comprised 19 employees, including engineers, designers and other workers.
In nine months ended June 30, 2022, The company served 229 customers in 21 countries globally and multiple industry verticals such as automotive, aerospace and defence, industrial, railways, medical and IT / ITES.
The company works with over 871 vendors and sources materials from various regions including North America, Europe, and Singapore as well as locally within India, As of June 30, 2022.
FAQs About Kaynes Technology India Ltd
Kaynes Technology India Ltd will open on 10 Nov, 2022 and close on 14 Nov, 2022. Investors must apply within this period to participate.
The Kaynes Technology India Ltd price band is set between ₹559.00 and ₹587.00 per share. The minimum lot size is 25, requiring an investment of at least ₹14675.00.
The Kaynes Technology India Ltd shares are expected to be listed on 22 Nov, 2022, subject to regulatory approvals and final allotment.
You can track your Kaynes Technology India Ltd application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Kaynes Technology India Ltd will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.